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by Sara Clemence
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Oct 29 2008 9:12am EDT

Morning Hemlines: Jones, Wal-Mart, Burberry, Retail Stocks, Tom Ford

Jones Apparel Group's net income fell 93,2 percent for the quarter ended October 4, still beating analyst expectations by a penny. (WWD)

"This is Wal-Mart's time," said president and C.E.O. H. Lee Scott said at the comany's annual analyst and investor meeting this week. (DNR)

Retail stocks rose a record 13.6 percent yesterday. We'll see if it sticks. (WWD)

Lots of chatter about Tom Ford's directing debut. Colin Firth, Julianne Moore and Matthew Goode are said to be playing the leading roles in A Single Man. (Reuters)

Burberry will move its U.S. headquarters to Madison Avenue in New York, adding three glowing Burberry signs to the top of the tower. It may also open a store in the building. (NY Times)

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